Corn outlook is for larger production; wheat supply & demand remains unchanged
美国农业部已发布其9月份的世界农业供应估算(WASDE)报告。
Some highlights include:
Wheat:The U.S. 2018/19 wheat supply and demand estimates are unchanged from last month. The season average farm price range is unchanged at the midpoint of $5.10 per bushel and the range is narrowed $0.20 per bushel to $4.70 to $5.50.
Coarse Grains:本月的2018/19美国玉米展望是用于更大的产量,增加的国内用途,更大的出口和更高的股票。玉米生产预计为148.27亿蒲式耳,比上个月增长了2.41亿美元,预计收益率提高。如果意识到,该作物将是记录中第二高的。在主要的生产州中,预计在伊利诺伊州,爱荷华州,内布拉斯加州,印第安纳州,俄亥俄州和南达科他州的收益率将是创纪录的。
Oilseeds:U.S. oilseed production for 2018/19 is projected at 138.4 million tons, up 2.9 million from last month with higher soybean and cottonseed production forecasts partly offset by a lower peanut forecast. Soybean production is projected at a record 4,693 million bushels, up 107 million on a record yield forecast of 52.8 bushels per acre. Soybean supplies are raised with higher production only partly offset by lower beginning stocks. The 2018/19 U.S. season-average soybean price is forecast at $7.35 to $9.85 per bushel, down $0.30 at the midpoint.
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